NGL - M&A Summary and Business Overview

Energy Services And EquipmentCompany

NGL M&A Summary

NGL has acquired 11 companies, including 3 in the last 5 years. A total of 4 acquisitions came from private equity firms. It has also divested 4 assets.

NGL’s largest acquisition to date was in 2019, when it acquired Mesquite Disposals Unlimited for $893M. It’s largest disclosed sale occurred in 2018, when it sold NGL Propane to Superior Plus for $900M. NGL has acquired in 6 different US states. The Company’s most targeted sectors include energy services and equipment (40%) and utilities (30%).

NGL Business Overview

Where is NGL headquartered?

NGL is headquartered in Tulsa, Oklahoma.

What is NGL’s revenue?

NGL disclosed revenue of 6,956M USD for 2024 and 8,695M USD for 2023.

How many employees does NGL have?

NGL has 842 employees.

What sector is NGL in?

NGL is an energy services and equipment company.

When was NGL founded?

NGL was founded in 1940.

M&A Summary

  • M&A Total Activity14
    • M&A Buy Activity10
    • M&A Sell Activity4
  • Total Sectors Invested 5
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 11
  • M&A Advisors 8

NGL

NGL Energy Partners LP

6120 South Yale Avenue, Suite 805,
Tulsa, Oklahoma 74136
United States,
(918) 481-1119
www.nglenergypartners.com

NGL operates a vertically integrated energy business with three operating segments: midstream, wholesale supply and marketing, and retail propane. NGL was founded in 1940 and is based in Tulsa, Oklahoma.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 10 - - - - - 10
vol $3.4B $3.4B
Sell (0.0/yr) # 4 - - - - - 4
vol $1.6B $1.6B
  14

Most Recent M&A

Company Date Value Type
Hillstone Environmental Partners LLC 2019-09-26 600M USD Secondary Buyout
Denver, Colorado · www.hillstone-environmental.com
Mesquite Disposals Unlimited LLC 2019-05-14 893M USD Add-on Acquisition
, New Mexico
DCP Midstream LLC - Gas Supply Resources 2019-01-30 - Divestiture
Denver, Colorado
NGL Energy Partners LP - Water Infrastructure Assets 2018-12-20 239M USD Divestiture
, Delaware
NGL Energy Partners LP - Water Solutions Bakken 2018-11-12 91M USD Divestiture
Tulsa, Oklahoma
NGL Propane LLC 2018-05-30 900M USD Divestiture
Tulsa, Oklahoma · www.nglenergypartners.com
Sawtooth Caverns LLC 2018-03-01 - Growth Capital
Delta, Utah · www.sawtoothcaverns.com
TransMontaigne Partners LLC 2016-01-08 350M USD Secondary Sale
Denver, Colorado · www.transmontaignepartners.com
Magnum NGLs LLC 2015-02-09 280M USD Secondary Buyout
Holladay, Utah
TransMontaigne Partners LLC 2014-07-02 - Add-on Acquisition
Denver, Colorado · www.transmontaignepartners.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Energy Services and Equipment 4 (40%) 1.6B (47%) 1 (25%) 350M (22%)
Utilities 3 (30%) 1.2B (35%) - -
Distribution 1 (10%) 31M (1%) 1 (25%) 900M (57%)
Environmental 1 (10%) 600M (18%) 1 (25%) 91M (6%)
Oil/Gas Exploration 1 (10%) - - -
Infrastructure - - 1 (25%) 239M (15%)
Total 10 $3.4B 4 $1.6B

By Geo

State/Country Buy Value Sell Value
United States 10 3.4B 4 1.6B
  Colorado 4 1.3B 1 350M
  Utah 2 280M - -
  Oklahoma - - 2 991M
  Washington 1 31M - -
  New Mexico 1 893M - -
  Nebraska 1 890M - -
  Illinois 1 - - -
  Delaware - - 1 239M
Total 10 $3.4B 4 $1.6B

Top M&A Advisors

Financial Deals
UBS Investment Bank
3
Barclays Investment Bank
3
Raymond James - Investment Banking
1
Legal Deals
Winston & Strawn
5
Hunton Andrews Kurth
1
McGrath North Mullin & Kratz
1

Deal Values

buy # Total
$100M to $1B 5 $3.4B
< $100M 1 $31M
TOTAL $3.4B
Largest Mesquite Disposals Unlimited LLC
$893M (2019-05-14)
sell # Total
$100M to $1B 3 $1.5B
< $100M 1 $91M
TOTAL $1.6B
Largest NGL Propane LLC
$900M (2018-05-30)

M&A Connections

Deals
Acquired from
Investor(s)
30%
3 (30%)
Strategic(s)
20%
2 (20%)
Divested to
Investor(s)
25%
1 (25%)
Strategic(s)
75%
3 (75%)

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